Dan Goldman Insider Trading Claims: What His Stock Trades Show

Dan Goldman insider trading searches often assume an edge—he is one of the busiest stock disclosers in Congress, with more than 1,200 trades in our database. We do not claim he broke the law. Public data tells a humbler story: massive activity, buys that trailed the S&P 500, and timing near a coin flip.

The short answer

Question	What our data shows
Did his reported buys beat the market?	No. About 47% vs about 92% for the S&P 500 on the same dates
Did he pick unusually good days to trade?	Not really. About 53% overall (50% is pure luck). Buys look weak; sells look better

Busy filing is not the same as beating the market.

Did his buys beat the market?

Here's how we measure it. We take the stock purchases Goldman disclosed, estimate how those buys did, and compare that to buying the S&P 500 (via SPY, a fund that tracks the index) with the same money on the same days.

On 139 purchases we could price since January 2023, Goldman's disclosed buys returned about 47%. The matched S&P 500 path returned about 92%. He came in well behind—roughly half the benchmark in this window.

Names that show up in his disclosed activity include TSLA, CRM, DG, MSFT, and MDLZ. Breadth is high overall (hundreds of distinct tickers in timing coverage)—but volume alone did not produce market-beating buy returns here.

One caveat: this is only disclosed stock purchases since early 2023—not his full net worth.

Did he time the market?

"Timing" asks: when Goldman bought or sold a stock, was that a better day than a random day for that same stock?

Think of 50% as a coin flip.

Measure	Score	vs 50% luck
Overall	53%	+3 points
Buys	38%	−12 points
Sells	59%	+9 points

• We scored 1,088 trades across 643 stocks (high confidence).

53% overall is close to random. Dig deeper and the split is sharp: buy timing at 38% is well below chance, while sell timing at 59% looks better. Headlines that imply he “knows when to buy” are not supported by the buy side of these scores.

Putting both together

• Market returns on buys: trailed the S&P 500 badly.
• Trade timing: near a coin flip overall—weak buys, stronger sells.

This is the same cautionary pattern as other high-volume traders like Tommy Tuberville or Josh Gottheimer: activity ≠ edge. Neither metric proves or disproves insider trading.

Track this on Politician Stock Tracker

See Goldman's live numbers on Politician Stock Tracker at his Dan Goldman stock tracker page.

Disclaimer

Data compiled from public STOCK Act financial disclosure filings. Return and timing figures use disclosed purchase ranges and statistical models; they are not audited portfolio statements or legal findings. This article does not allege insider trading. Not legal or investment advice.